401(k), 403(b), 457 plan or Thrift Savings Plan. The credit can reduce your tax bill or increase your tax refund on a dollar-for-dollar basis. For example, if you owe $3,000 and get a $1,000 tax ...

Differentiate between needs and wants, and ensure savings and investments are part of the plan.” He further noted that ...

Here's how it works, along with some tips for everyone about how to hit retirement savings goals. Offsetting part of the ...

The federal government’s Thrift Savings Plan for service members and civilian employees will allow participants to transfer ...

Only one of the portfolios within the federal government’s 401(k)-style retirement savings program finished December in the ...

Only if you’ve maxed out your thrift savings plan's match Daniel has 10+ years of experience reporting on investments and personal finance for outlets like AARP Bulletin and Exceptional magazine ...

For 2025, you’ll be able to increase your annual contribution to your 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan to $23,500, up from $23,000.

The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025.

Defined contribution plans come in varieties like 403(b), 457, and Thrift Savings Plans. You choose investment options within your plan, determining the ultimate value of your retirement fund.